When SpaceX announced last month that it had agreed to acquire the popular AI coding startup Cursor for $60 billion, investors believed the deal would be a boon for both companies. Cursor would benefit from getting the computing resources of a major AI lab, which it could use to train its own models. In turn,…
OpenAI CEO Sam Altman has proposed giving 5% of the company’s equity to a U.S. sovereign wealth fund, the Financial Times reported on Thursday, citing two people familiar with the matter. Under the proposal, other AI companies would donate similar stakes, although significant questions remain about the specifics. According to the FT’s reporting, the donation…
Early-stage firm Magnify Ventures has raised $46.6 million for its second fund from LPs, including Melinda French Gates’ Pivotal Ventures. Founded in 2021 by Joanna Drake and Julie Wroblewski, Magnify invests in companies that target the care economy, such as those building assistive robotics, family cybersecurity, and AI for home use. The firm said Fund…
The new CEO of Lucid Motors is continuing to restructure the company after announcing hundreds of job cuts last month: The EV maker on Thursday said its chief financial officer Taoufiq Boussaid will be leaving the company. Boussaid’s pending departure comes amid a flurry of new executive hires meant to bolster the company’s leadership as…
On Thursday, Microsoft announced a new operating business called Microsoft Frontier company, focused on delivering successful enterprise AI deployments with Microsoft’s existing AI tools. The project will be backed by a $2.5 billion investment from Microsoft, as well as 6,000 industry and engineering experts. In a statement announcing the venture, Microsoft’s Commercial Business CEO Judson…
Rivian is telling investors that it might see better sales year than it expected, despite the many headwinds working against electric vehicles in the U.S. right now. Rivian previously said it would ship between 62,000 and 67,000 vehicles this year, but the company now expects to deliver between 65,000 and 70,000 vehicles, the company said…
Anthropic is redeploying Claude Fable 5, its most capable generally available model. On June 30, it announced that US export controls had lifted. The controls had covered Claude Fable 5 and Claude Mythos 5. Fable 5 returned to users globally on Wednesday, July 1. Mythos 5 access is restored to a set of US organizations….
The Google Health API is the official successor to the Fitbit Web API. It targets the Google Health API v4 and moves developers onto Google OAuth 2.0. Now an open-source CLI command-line tool called ghealth wraps that API for terminals and AI agents. The tool is a single Go binary under the Apache 2.0 license….
Chris Harrison, director of the Future Interfaces Group at Carnegie Mellon College, would not suppose the brand new subscription is to assist pay for Meta’s AI spending. “The business has made super strides, even within the final six months, however actually within the final 18 months, enhancing token technology effectivity—operating these fashions far more effectively,”…
Cloudflare has just issued the AI industry a new deadline to separate the web crawlers used for traditional search purposes, like Google Search, from those used for AI agents and training. Starting on September 15, 2026, Cloudflare’s default settings will block “mixed-use” crawlers from any pages that host ads, the company announced on Wednesday. That…
